How Cherechinsky was paid
$7.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| David CherechinskyPresident & Chief Executive Officer | $999,173 | — | $4,555,071 | $1,550,548 | $13,813 | $7,118,605 |
| Mark JohnsonSenior Vice President & Chief Financial Officer | $548,654 | — | $1,252,626 | $620,219 | $21,946 | $2,443,445 |
| Raymond ChangVP, General Counsel, & Secretary | $489,456 | $50,000 | $916,004 | $552,763 | $14,000 | $2,022,223 |
| Kelly MunsonChief Administrative and Information Officer | $390,798 | — | $665,591 | $459,025 | $16,258 | $1,531,672 |
| Gillian AndersonVice President & Chief Accounting Officer | $274,812 | — | $154,658 | $123,755 | $10,887 | $564,112 |
| Rocio SurrattVP – Finance and Corporate Controller | $296,779 | — | $332,871 | $274,870 | $10,487 | $915,007 |
What changed and why
- $7.1MDavid Cherechinsky received a total compensation of $7,118,605 in 2025, representing an increase from the prior year total of $6,081,037.
- 95%The 2025 Say on Pay vote received approximately 95% support from shareholders at the annual meeting.
- The Compensation Committee increased performance hurdles for both EBITDA and Return on Capital Employed metrics in incentive awards.
- The company completed the acquisition of MRC Global Inc. on November 6, 2025, expanding operations significantly.
- A 20-day volume weighted average stock price was instituted for determining equity grants starting in 2026.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.